VW Group CEO Winterkorn gets thumbs up from panel

April 17, 2015 2:40 PM

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Martin Winterkorn, CEO of Volkswagen Group, is "the best possible CEO of Volkswagen," the leadership committee of the automaker's supervisory board said today, rejecting a challenge by VW board chairman and powerhouse Ferdinand Piech.

In a magazine interview a week ago, Piech said he had distanced himself from Winterkorn, 67, with whom he had been close. A furious tussle ensued inside Europe's biggest automaker.